Iran Tensions? No Problem! NZDJPY Surges Above Key EMAs with Bullish Momentum
NZDJPY recovered after a gap-down opening after escalation of tension between US and Iran. It hits an intraday low of 92.91 and is currently trading around 93.46. Intraday trend is bullish as long as support at 91.80 hol…
NZDJPY recovered after a gap-down opening after escalation of tension between US and Iran. It hits an intraday low of 92.91 and is currently trading around 93.46. Intraday trend is bullish as long as support at 91.80 holds
Technicals
CMP -93.47
Trend
1- Hour chart
Value
55 EMA
93.39
CMP >value
Bullish
200- EMA
93.07
CMP > value
Bullish
365- EMA
92.96
CMP >value
Bullish
Momentum indicator
Inference
Value
CCI(50)
Bullish
46.52
ADX
Neutral
Strength improved from 30.55 to 32.32
It is good to buy on dips around 93 with SL around 91.90 for a TP of 95
